Freelance Freelance Financial Planner Workflow Map

In this article, we’ve created a starter Freelance Freelance Financial Planner Workflow Map that you can use to start planning out your product/service delivery and we’ve outlined a few examples of experiments that you can run in your Freelance Freelance Financial Planner role.

Ready to get started? Download the Workflow Map template or get in touch to discuss how a workflow coach could help you fast-track your business improvement.

Systems & Processes for Freelance Freelance Financial Planner

The path towards better systems and processes in your Freelance Freelance Financial Planner role starts with mapping out your most important business processes. Being able to see your business processes laid out visually helps you to collaborate with your team on how to improve and grow. By repeating this collaboration process, you’ll develop a culture of continuous improvement that leads to a growing business and streamlined systems and processes that increase customer & staff experience.

To help you start mapping out your processes, we’ve developed a sample flow for a Freelance Freelance Financial Planner Workflow Map that you can use with your team to start clarifying your processes and then run Business Experiments so you can build a better business.

Workflow Map For A Freelance Freelance Financial Planner

1. Initial consultation: Meet with clients to understand their financial goals, needs, and current financial situation.
2. Data gathering: Collect all necessary financial documents and information from clients, such as income statements, tax returns, investment portfolios, and insurance policies.
3. Analysis and evaluation: Analyze the collected data to assess the client’s financial health, identify areas for improvement, and develop personalized financial strategies.
4. Financial planning: Create a comprehensive financial plan that includes budgeting, investment strategies, retirement planning, risk management, and tax optimization.
5. Presentation and discussion: Present the financial plan to the client, explaining the recommendations and answering any questions or concerns they may have.
6. Implementation: Assist the client in executing the recommended strategies, such as opening investment accounts, setting up retirement plans, or adjusting insurance coverage.
7. Monitoring and review: Regularly review the client’s financial plan and investment performance, making necessary adjustments based on changes in their goals, market conditions, or personal circumstances.
8. Ongoing support: Provide ongoing support and guidance to clients, addressing any financial concerns or questions that may arise.
9. Periodic reassessment: Conduct periodic reassessments of the client’s financial situation and goals to ensure the financial plan remains aligned with their evolving needs.
10. Continuous improvement: Continuously seek opportunities to enhance the client’s financial well-being by staying updated on industry trends, new financial products, and regulatory changes

Business Growth & Improvement Experiments

Experiment 1: Client Referral Program
Description: Implement a client referral program where existing clients are incentivized to refer new clients to the freelance financial planning services. Offer rewards such as discounts on future services or referral bonuses. Promote the program through email campaigns, social media, and personalized outreach to existing clients.
Expected Outcome: Increased client acquisition through word-of-mouth referrals, leading to a broader client base and higher revenue.

Experiment 2: Streamlined Onboarding Process
Description: Analyze the current onboarding process for new clients and identify areas of improvement. Simplify and automate the process by utilizing digital tools, such as online forms and electronic signatures. Provide clear instructions and resources to clients to ensure a smooth onboarding experience.
Expected Outcome: Reduced administrative burden, improved client satisfaction, and increased efficiency in bringing new clients on board.

Experiment 3: Diversify Service Offerings
Description: Research and identify additional financial planning services that align with the freelance financial planner’s expertise and target market. Develop and offer new services, such as retirement planning, tax planning, or investment portfolio analysis. Market these services to existing clients and through targeted advertising campaigns.
Expected Outcome: Increased revenue streams, expanded client base, and enhanced value proposition for clients, leading to improved business growth.

Experiment 4: Client Feedback Surveys
Description: Implement a system to collect feedback from clients regarding their experience with the freelance financial planner’s services. Create and distribute surveys to gather insights on client satisfaction, areas of improvement, and potential service enhancements. Analyze the feedback received and take necessary actions to address any identified issues.
Expected Outcome: Improved client satisfaction, enhanced service quality, and increased client retention.

Experiment 5: Strategic Partnerships
Description: Identify potential strategic partners within the finance and accounting industry, such as tax professionals, estate planners, or insurance agents. Establish mutually beneficial partnerships where both parties can refer clients to each other’s services. Collaborate on joint marketing efforts and share resources to expand reach and provide comprehensive financial solutions to clients.
Expected Outcome: Increased client referrals, expanded service offerings, and improved competitiveness in the market through strategic alliances.

Experiment 6: Online Presence Enhancement
Description: Evaluate and enhance the freelance financial planner’s online presence by optimizing their website, creating engaging and informative content, and utilizing search engine optimization techniques. Leverage social media platforms to share valuable financial insights, engage with the target audience, and build a strong online brand presence.
Expected Outcome: Increased visibility, improved brand reputation, and enhanced credibility, leading to higher website traffic, client inquiries, and conversions.

Experiment 7: Client Education Workshops
Description: Organize educational workshops or webinars for existing and potential clients on various financial planning topics. Offer valuable insights, tips, and strategies to help clients make informed financial decisions. Promote these workshops through email marketing, social media, and targeted advertising campaigns.
Expected Outcome: Increased client engagement, improved client loyalty, and enhanced reputation as a trusted financial expert, leading to potential client referrals and business growth

What Next?

The above map and experiments are just a basic outline that you can use to get started on your path towards business improvement. If you’d like custom experiments with the highest ROI, would like to work on multiple workflows in your business (for clients/customers, HR/staff and others) or need someone to help you implement business improvement strategies & software, get in touch to find out whether working with a workflow coach could help fast-track your progress.